Sands China first-half profit more than doubles

HONG KONG -(MarketWatch)- Sands China Ltd.'s (1928.HK) first-half net profit more than doubled from a year earlier, driven by soaring gambling revenue growth in Macau, it said Monday.

Net profit for the six months ended June 30 was US$539.5 million, up from US$250.5 million, the casino operator said.

Net revenue rose 19% to US$2.36 billion from US$1.98 billion.

Sands China didn't recommend a first-half dividend.

Parent company Las Vegas Sands Corp.
LVS, -12.78%
said last month that Sands China's net income rose to US$267.4 million in the three months ended June 30 compared with US$133.6 million in the second quarter of 2010 on a Generally Accepted Accounting Principles basis.

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